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2014 NMLS Mortgage Industry Report

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2014 NMLS Mortgage Industry Report

Released April 15, 2015 Conference of State Bank Supervisors 1129 20th Street, NW, 9th Floor Washington, D.C. 20036-4307

2014 NMLS Mortgage Industry Report This report compiles data concerning companies, branches, and mortgage loan originators (MLOs) who are licensed or registered through NMLS in order to conduct mortgage activities. This includes both state-licensed and federally registered companies and Mortgage Loan Originators.1 Contents 1. Report Summary 2. State-Licensed Companies and Individuals 3. Mortgage Call Report 4. Federally Registered Individuals

1. Report Summary    

1

During 2014, the number of state-licensed mortgage companies and individuals remained essentially flat, but the number of licenses held by MLOs grew by 9%. Fifty-two state agencies saw net growth in the number of MLOs licensed by their agency. In the first quarter of 2014, mortgage originations by state-licensed MLOs reached their lowest point since the third quarter of 2011, but recovered somewhat during the rest of 2014. Federally registered institutions and mortgage loan originators remained flat in 2014.

Unless otherwise noted, all figures cover activity from 2014, or statuses as of December 31, 2014. 2

2. State-Licensed Companies and Individuals Most state-licensed companies and individuals operate in just one state, but the number of entities licensed in multiple states is growing while the number of companies and individuals licensed in just one state is shrinking. The total number of state-licensed MLOs grew 1 percent over the past year, while the total number of MLO licenses grew 9 percent. The average number of state licenses held by an MLO in 2014 was 2.73 licenses per MLO, up from 2.54 licenses per MLO in 2013. The total number of state-licensed companies declined, but the number of company licenses held grew over the past year.

Entities

Annual Growth

Licenses

Annual Growth

Mortgage Companies

16,022

-1%

36,412

4%

Mortgage Branches

20,699

4%

43,381

12%

MLOs

131,725

1%

359,992

9%

Licensee Type

Change in Approved MLO Licenses State licenses managed on NMLS are approved for a calendar year and on December 31 a significant number of MLO licenses are not submitted for renewal and become expired. This graph shows the monthly number of approved MLO licenses over the past four years. 400,000 2014 2013 Approved MLO Licenses

300,000 2012 2011 200,000

100,000

0 Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

3

MLO License Growth and Attrition by State Over the past year, MLO populations grew in nearly every state. Growth (applications submitted 2014)

% Growth

331,351

107,912

33%

AL

6,017

2,718

AK

1,226

AZ AR

Attrition (withdrawn, expired 2014)

% Attrition

Licenses, 2014 year-end

(79,271)

(24%)

359,992

9%

45%

(1,675)

(28%)

7,060

17%

459

37%

(296)

(24%)

1,389

13%

7,926

1,977

25%

(1,653)

(21%)

8,250

4%

2,212

1,046

47%

(804)

(36%)

2,454

11%

CA-DBO

23,192

6,920

30%

(5,206)

(22%)

24,906

7%

CA-BRE

Agency National

Licenses, 2013 year-end

% Net Growth

19,601

1,993

10%

(2,547)

(13%)

19,047

(3%)

CO

8,472

2,095

25%

(1,551)

(18%)

9,016

6%

CT

6,060

1,348

22%

(1,593)

(26%)

5,815

(4%)

DE

2,829

1,032

36%

(844)

(30%)

3,017

7%

DC

2,757

1,013

37%

(561)

(20%)

3,209

16%

FL

18,266

5,307

29%

(3,844)

(21%)

19,729

8%

GA

8,502

4,007

47%

(3,263)

(38%)

9,246

9%

HI

1,689

443

26%

(356)

(21%)

1,776

5%

ID

2,741

873

32%

(727)

(27%)

2,887

5%

IL

9,976

2,418

24%

(2,191)

(22%)

10,203

2%

IN-DFI

6,942

2,256

32%

(1,911)

(28%)

7,287

5%

IN-SOS

604

108

18%

(145)

(24%)

567

(6%)

IA

3,291

1,157

35%

(799)

(24%)

3,649

11%

KS

3,505

1,208

34%

(892)

(25%)

3,821

9%

KY

5,238

2,334

45%

(2,105)

(40%)

5,467

4%

LA

5,457

2,163

40%

(1,299)

(24%)

6,321

16%

ME

2,283

676

30%

(499)

(22%)

2,460

8%

MD

8,461

2,963

35%

(1,887)

(22%)

9,537

13%

MA

7,320

2,502

34%

(1,651)

(23%)

8,171

12%

MI

8,366

2,939

35%

(2,283)

(27%)

9,022

8%

MN

4,761

1,098

23%

(1,105)

(23%)

4,754

(0%)

MS

2,254

1,517

67%

(1,061)

(47%)

2,710

20%

MO

4,567

1,478

32%

(1,297)

(28%)

4,748

4%

MT

1,525

546

36%

(224)

(15%)

1,847

21%

NE

1,974

726

37%

(478)

(24%)

2,222

13%

NV

4,006

1,661

41%

(886)

(22%)

4,781

19%

NH

2,918

1,326

45%

(917)

(31%)

3,327

14%

NJ

11,357

3,690

32%

(2,351)

(21%)

12,696

12%

NM

3,212

1,463

46%

(772)

(24%)

3,903

22%

NY

6,862

1,956

29%

(1,763)

(26%)

7,055

3%

NC

9,368

3,294

35%

(2,369)

(25%)

10,293

10%

ND

1,760

699

40%

(475)

(27%)

1,984

13%

OH

8,822

3,692

42%

(2,783)

(32%)

9,731

10%

OK-DCC

3,459

1,273

37%

(812)

(23%)

3,920

13%

4

Agency

Licenses, 2013 year-end

Growth (applications submitted 2014)

% Growth

Attrition (withdrawn, expired 2014)

% Attrition

Licenses, 2014 year-end

% Net Growth

OR

6,853

1,531

22%

(1,459)

(21%)

6,925

1%

PA

11,802

3,896

33%

(2,771)

(23%)

12,927

10%

PR

369

115

31%

(51)

(14%)

433

17%

RI

2,523

563

22%

(558)

(22%)

2,528

0%

SC-BFI

4,919

1,550

32%

(1,109)

(23%)

5,360

9%

SC-DCA

494

119

24%

(131)

(27%)

482

(2%)

SD

1,561

617

40%

(324)

(21%)

1,854

19%

TN

6,944

2,694

39%

(1,577)

(23%)

8,061

16%

776

219

28%

(492)

(63%)

503

(35%)

TX-SML

16,329

6,170

38%

(3,550)

(22%)

18,949

16%

UT-DFI

301

100

33%

(179)

(59%)

222

(26%)

UT-DRE

4,476

846

19%

(681)

(15%)

4,641

4%

VT

1,310

517

39%

(257)

(20%)

1,570

20%

TX-OCCC

VI

105

37

35%

(33)

(31%)

109

4%

VA

11,816

4,524

38%

(3,321)

(28%)

13,019

10%

WA

11,940

4,385

37%

(2,675)

(22%)

13,650

14%

WV

1,856

565

30%

(427)

(23%)

1,994

7%

WI

5,608

2,358

42%

(1,365)

(24%)

6,601

18%

WY

1,591

729

46%

(433)

(27%)

1,887

19%

MLOs Operating in More Than One State While the number of state-licensed MLOs operating in just one state declined by 1 percent in 2014, the number operating in more than 10 states increased by 27 percent. 16,000

14,000

13,553 12,404

12,000 9,082

MLOs

10,000

9,504

8,000

6,298

5,921

6,000

4,978 4,925

4,000 1,924

2,000

2,425

0 2

3-5

6-10

11-20

21+

Number of states in which MLO operates 2013

2014

5

Companies Operating in More Than One State State-licensed companies operating in just one state declined by 2 percent, while companies operating in more than 10 states increased by 9 percent. 1,200

1,076

1,118

Companies

1,000 796

800

789

600 317 318

400

176 201

200

258 270

0 2

3-5

6-10

11-20

21+

Number of states in which company operates 2013

2014

6

2014 Mortgage Licensing Activities Company Licenses 1

State Agency Alabama Alaska Arizona Arkansas California BRE California DBO Colorado Connecticut Delaware District of Columbia Florida Georgia Guam Hawaii Idaho Illinois Indiana DFI Indiana SOS Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma DCC Oregon Pennsylvania Puerto Rico Rhode Island South Carolina BFI South Carolina DCA South Dakota Tennessee

New Applications 91 44 118 40 783 221 138 123 73 71 375 174 3 64 70 98 61 25 97 53 48 62 27 97 168 140 106 43 47 54 49 80 44 76 54 90 93 62 98 83 71 132 19 40 68 32 46 85

Applications Processed Approved 90 45 102 50 614 142 147 87 53 70 361 155 1 63 61 66 58 21 94 45 56 47 25 80 84 128 80 48 23 68 55 62 39 83 56 76 55 69 98 85 72 127 19 40 68 25 48 81

Denied 22 (2)

1 1 2 1 1

Withdrawn 2 7 27 3 130 65 20 9 5 3 62 15 2 18 31 9 7 4 6 4 6 2 20 104 28 21 5 9 10 7 26 9 13 2 32 37 2 13 13 9 13 4 8 2 3 4

License Expirations Revoked 1 58 1 1 2 3 1 2 1 1 -

Surrendered 39 10 63 32 1 70 52 49 16 21 112 61 20 39 71 37 6 36 23 31 34 16 51 52 88 40 27 7 18 30 17 25 40 21 93 37 29 51 61 59 74 1 50 35 4 20 27

Terminated 23 5 27 6 715 77 38 24 161 30 28 17 49 1 19 18 2 13 15 6 41 36 38 35 15 1 11 3 13 13 22 17 89 19 5 31 144 25 42 1 1 9 7 7 43 7

2014 Mortgage Licensing Activities Company Licenses 1

State Agency Texas SML Utah DRE Vermont Virgin Islands Virginia Washington West Virginia Wisconsin Wyoming

National

New Applications

Applications Processed

297 93 72 5 145 138 53 86 36

Approved 233 86 55 8 107 118 49 82 33

5,661

4,893

Denied 1 1 30

License Expirations

Withdrawn 55 6 15 33 16 10 11 2 979

Revoked 1 6 2 3 83

Surrendered 80 20 26 107 94 16 40 22

Terminated 122 41 1 9 32 15 10 14

2,201

2,186

Notes 1. The following agencies did not manage mortgage company licensing through NMLS in 2014Q4: Texas OCCC, Utah DFI. 2. The Hawaii Division of Financial Institutions has indicated that it is not able to release the number of license applications denied.

Definitions Approved-Status assigned when regulator has reviewed the license/registration application and decided to issue a license to the applicant through NMLS. Denied-Status assigned when a regulator has reviewed the license/registration application and determined that sufficient grounds exist to deny the request. This status may also be used by regulators who deny a renewal request for license. Withdrawn- Status assigned when an applicant has been approved to voluntarily withdraw their application or has not responded to regulator requests for additional information within a timely manner. Revoked-Status assigned when a regulator has taken action to revoke the license/registration. Pursuant to federal SAFE legislation, placement of a MLO license into this status will render the MLO unable to obtain or maintain a license to conduct mortgage business in any jurisdiction. Surrendered-Status assigned when a regulator approved a surrender/cencellation request submitted by the licensee/registrant. Terminated-Status assigned when a regulator expires a license/registration.

8

2014 Mortgage Licensing Activities Individual MLO Licenses 1

State Agency Alabama Alaska Arizona Arkansas California BRE California DBO Colorado Connecticut Delaware District of Columbia Florida Georgia Guam Hawaii Idaho Illinois Indiana DFI Indiana SOS Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma DCC Oregon Pennsylvania Puerto Rico Rhode Island South Carolina BFI South Carolina DCA South Dakota Tennessee

New Applications 2,718 459 1,977 1,046 1,993 6,920 2,095 1,348 1,032 1,013 5,307 4,007 3 443 873 2,418 2,256 108 1,157 1,208 2,334 2,163 676 2,963 2,502 2,939 1,098 1,517 1,478 546 726 1,661 1,326 3,690 1,463 1,956 3,294 699 3,692 1,273 1,531 3,896 115 563 1,550 119 617 2,694

Applications Processed Approved 2,503 451 1,805 1,183 1,587 6,673 1,994 1,217 1,032 1,031 5,101 3,534 456 791 2,388 2,108 106 1,147 1,136 2,244 2,082 639 2,864 2,432 2,687 1,082 1,427 1,411 611 670 1,490 1,370 3,560 1,426 1,509 3,139 692 3,151 1,320 1,492 3,780 106 509 1,494 93 663 2,684

Denied 2 5 3 1 2 3 177 47 (1)

1 3 1 34 1 3 1 3 2 1 1 11 1 4 1 6 8 2 1 1 1 1 51

Withdrawn 16 56 206 17 920 547 76 78 141 16 191 598 16 124 43 49 25 3 94 134 23 1 373 132 297 66 90 80 78 82 130 140 209 9 327 251 6 90 62 56 216 17 30 94 24 19 14

License Expirations Revoked 2 2 3 3 10 1 2 1 1 1 1 5 1 -

Surrendered 181 41 170 936 3 314 19 125 190 62 391 674 58 206 178 183 10 112 104 1,590 148 50 194 198 296 104 817 134 50 68 79 708 195 78 120 284 173 304 111 136 322 2 71 119 8 61 163

Terminated 1,280 247 1,322 1 2,508 4,658 1,431 1,337 656 519 3,264 2,118 312 448 1,989 1,584 135 677 717 464 1,072 411 1,600 1,389 1,736 981 158 1,097 245 349 644 193 2,044 656 1,216 1,946 296 1,932 749 1,288 2,338 40 433 934 94 310 1,395 9

2014 Mortgage Licensing Activities Individual MLO Licenses 1

State Agency Texas OCCC Texas SML Utah DFI Utah DRE Vermont Virgin Islands Virginia Washington West Virginia Wisconsin Wyoming

National

New Applications

Applications Processed

219 6,170 100 846 517 37 4,524 4,385 565 2,358 729

Approved 164 5,596 71 821 508 31 3,914 4,358 538 2,397 630

107,912

101,898

Denied

2 27

Withdrawn 60 504 44 35 85 2 560 99 29 125 135

482

7,944

2 61 2 4 1 1 3 -

License Expirations Revoked -

Surrendered 4 2 346 6 107 36 331 1 259 68 161 110 36

11,968

Terminated 434 2,602 144 557 215 28 2,380 2,392 333 1,242 224 61,764

Notes 1. The Hawaii Division of Financial Institutions has indicated that it is not able to release the number of license applications denied.

Definitions Approved-Status assigned when regulator has reviewed the license/registration application and decided to issue a license to the applicant through NMLS. Denied-Status assigned when a regulator has reviewed the license/registration application and determined that sufficient grounds exist to deny the request. This status may also be used by regulators who deny a renewal request for license. Withdrawn- Status assigned when an applicant has been approved to voluntarily withdraw their application or has not responded to regulator requests for additional information within a timely manner. Revoked-Status assigned when a regulator has taken action to revoke the license/registration. Pursuant to federal SAFE legislation, placement of a MLO license into this status will render the MLO unable to obtain or maintain a license to conduct mortgage business in any jurisdiction. Surrendered-Status assigned when a regulator approved a surrender/cencellation request submitted by the licensee/registrant. Terminated-Status assigned when a regulator expires a license/registration.

10

3. Mortgage Call Report Starting in 2011, state-licensed mortgage companies began submitting a quarterly call report of mortgage activity through the NMLS Mortgage Call Report. In first quarter 2014, originations reached their lowest volume since third quarter 2011 as the refinancing boom of 2012 and 2013 drew to a close. On the other hand, originations for home purchases continued to increase. Since 2012, home purchase loan volume has experienced an over-the-year increase every quarter. Loans by Purpose by Quarter

Loans originated (billion $)

300

200

100

0

Home Purchase

Refinancing

Home Improvement

Loan Origination by Number of States in which the Company Operates Companies operating in one state originated 18% of loans reported in NMLS Mortgage Call Reports for 2014. Companies who operate in over 20 states originated 49% of the total.

Loans originated (billion $)

300

200

100

0 1

2

3-5

6-10

11-20

21+

Number of states in which company operates

11

2014 Mortgage Call Report Data Loans by Purpose State AK AL AR AZ CA CO CT DC DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA PR RI SC SD TN TX UT VA VI VT WA WI WV WY National

Home Purchase Home Improvement Refinancing Loan Amt ($) Loan Cnt (#) Loan Amt ($) Loan Cnt (#) Loan Amt ($) Loan Cnt (#) $1,679,401,973 6,469 $5,939,554 35 $638,101,180 2,815 $2,897,958,560 19,396 $44,688,599 413 $2,124,403,066 14,081 $753,460,906 5,650 $5,511,769 51 $664,218,591 5,106 $13,161,947,374 67,683 $125,403,867 663 $7,408,342,640 38,138 $75,745,340,230 222,621 $2,754,417,985 8,651 $88,414,299,906 247,224 $14,946,622,137 61,404 $307,475,928 1,260 $8,340,587,442 37,145 $4,123,636,355 16,833 $69,649,308 238 $2,844,451,253 11,210 $1,904,107,792 4,425 $24,852,975 75 $1,069,483,966 2,844 $1,370,643,045 6,273 $11,393,292 59 $691,823,501 3,479 $23,944,675,391 123,530 $194,708,566 1,080 $10,099,682,502 55,341 $9,325,119,679 49,663 $112,478,309 591 $5,578,830,592 32,572 $2,672,738,396 6,478 $56,398,252 141 $1,824,382,697 4,832 $962,580,692 7,095 $9,371,813 251 $640,933,997 5,138 $1,764,916,000 11,082 $12,960,088 146 $882,878,580 5,601 $11,635,839,476 54,600 $147,902,188 877 $8,072,315,829 36,020 $4,952,322,556 34,738 $71,222,921 649 $2,266,218,211 17,065 $1,225,271,742 7,702 $28,001,270 204 $922,567,208 6,447 $2,384,068,491 16,630 $17,428,267 177 $1,281,285,116 9,089 $3,316,576,534 20,063 $24,858,233 446 $1,681,516,223 11,017 $9,694,936,472 32,109 $261,502,399 961 $6,927,226,501 24,829 $10,363,253,681 35,957 $163,390,928 721 $7,205,654,563 27,099 $1,135,409,351 5,991 $24,070,711 179 $675,266,229 3,804 $7,049,448,202 47,183 $69,861,710 589 $5,545,399,083 36,451 $5,235,429,896 26,433 $115,666,407 532 $3,084,774,047 15,957 $919,306,508 5,895 $55,386,031 322 $1,420,508,265 10,451 $733,107,471 5,658 $7,280,995 230 $629,683,876 5,075 $497,192,696 2,561 $2,636,359 24 $412,884,667 2,303 $8,556,669,633 45,322 $80,944,492 464 $4,855,349,192 28,892 $608,959,818 2,847 $38,880,962 93 $379,543,455 1,767 $693,203,910 4,577 $8,995,781 79 $456,943,384 3,435 $1,823,605,129 8,583 $29,081,738 136 $1,085,956,481 5,315 $11,861,638,094 43,577 $178,862,736 722 $7,851,786,513 30,159 $1,728,783,519 10,379 $25,675,893 220 $1,164,549,091 6,893 $5,953,827,572 28,890 $80,535,968 661 $2,947,963,865 15,180 $12,547,913,601 47,030 $208,550,902 791 $7,148,780,205 26,922 $5,604,723,313 38,488 $51,184,341 512 $3,148,658,802 23,159 $2,498,052,046 16,070 $12,510,949 115 $1,071,463,357 7,578 $6,916,619,442 30,023 $143,017,522 937 $3,741,010,107 17,581 $10,323,238,663 54,318 $151,237,614 1,119 $5,263,978,555 30,500 $782,732,711 6,035 $6,658,199 48 $468,090,126 4,050 $938,106,168 4,595 $13,946,947 73 $553,768,462 2,777 $4,342,045,984 25,433 $41,337,915 224 $1,999,775,593 12,361 $322,058,126 1,949 $8,738,090 59 $173,928,440 1,166 $5,381,881,672 47,214 $66,527,574 534 $2,966,854,583 20,070 $36,225,506,949 186,432 $318,446,726 2,025 $12,013,526,496 71,554 $6,588,988,393 32,654 $195,271,212 859 $3,177,544,692 14,843 $14,506,901,837 44,406 $154,462,760 556 $9,909,961,293 34,822 $64,648,891 179 $21,013,265 100 $405,231,053 1,971 $9,836,821 178 $298,371,916 1,599 $13,118,985,044 51,541 $167,930,060 787 $8,094,509,649 32,402 $3,033,114,629 33,309 $84,140,425 401 $2,218,993,210 13,622 $729,797,576 5,278 $3,780,099 73 $476,298,562 3,406 $502,500,686 2,689 $4,034,470 28 $333,454,023 1,803 $370,455,046,065 1,677,911 $6,809,048,920 31,259 $253,169,793,048 1,083,089 Does not include Reverse loans.

12

2014 Mortgage Call Report Data Loan Averages State AK AL AR AZ CA CO CT DC DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA PR RI SC SD TN TX UT VA VI VT WA WI WV WY

Total Average Loan MLOs with 1 Average Loans Median Loans Total Amount ($) Count (#) Amount ($) or more loans Per MLO (#) Per MLO (#) $2,331,011,273 9,354 $249,199 598 16 4 $5,131,948,728 34,494 $148,778 3,945 9 3 $1,455,125,200 11,119 $130,868 1,531 7 4 $20,933,388,684 107,762 $194,256 6,159 17 8 $169,026,897,263 485,988 $347,801 27,962 17 8 $23,770,301,093 100,659 $236,147 5,866 17 8 $7,135,138,319 28,737 $248,291 3,337 9 4 $3,094,835,617 7,670 $403,499 1,488 5 2 $2,094,012,147 9,933 $210,814 1,396 7 2 $34,678,462,915 182,800 $189,707 11,536 16 7 $15,135,882,027 83,741 $180,746 6,323 13 6 $4,598,680,610 11,578 $397,191 975 12 4 $1,636,712,914 12,705 $128,824 1,638 8 3 $2,688,604,388 17,017 $157,995 1,460 12 4 $20,003,357,420 92,632 $215,944 6,513 14 6 $7,346,232,948 52,975 $138,674 4,673 11 4 $2,196,442,305 14,569 $150,761 2,052 7 3 $3,719,233,196 26,203 $141,939 2,961 9 3 $5,098,843,319 32,148 $158,605 3,021 11 4 $17,007,763,844 58,470 $290,880 4,772 12 4 $17,895,949,012 64,686 $276,659 6,605 10 4 $1,869,341,754 10,189 $183,467 1,284 8 3 $12,751,861,664 84,916 $150,170 6,188 14 6 $8,494,484,609 43,301 $196,173 3,280 13 6 $2,431,994,204 16,988 $143,160 2,173 8 4 $1,406,809,760 11,330 $124,167 1,566 7 3 $943,019,940 5,038 $187,181 719 7 3 $13,606,745,960 75,560 $180,079 6,008 13 5 $1,031,197,769 4,734 $217,828 637 7 2 $1,171,063,242 8,209 $142,656 955 9 3 $2,956,491,196 14,170 $208,644 1,801 8 3 $20,130,524,838 75,659 $266,069 7,584 10 4 $2,977,673,790 17,784 $167,436 2,166 8 3 $9,071,679,022 45,236 $200,541 2,985 15 6 $20,471,810,156 76,914 $266,165 4,868 16 7 $8,886,019,905 62,943 $141,176 4,481 14 7 $3,631,278,069 24,166 $150,264 1,909 13 5 $10,895,855,894 49,072 $222,038 4,314 11 5 $15,946,224,466 87,636 $181,960 7,649 11 4 $1,297,088,510 10,666 $121,610 386 28 20 $1,521,349,058 7,525 $202,173 1,176 6 2 $6,470,115,623 38,635 $167,468 3,112 12 5 $509,182,652 3,209 $158,673 523 6 2 $8,516,412,738 68,733 $123,906 4,726 15 4 $48,959,556,937 263,094 $186,091 12,444 21 9 $10,087,640,561 48,958 $206,047 2,813 17 8 $24,755,403,329 80,842 $306,220 7,617 11 4 $85,756,016 280 $306,271 20 14 7 $731,288,361 3,850 $189,945 577 7 2 $21,573,493,871 85,608 $252,003 7,672 11 4 $5,390,306,143 47,789 $112,794 3,397 14 3 $1,228,728,971 8,916 $137,812 1,082 8 3 $854,066,974 4,591 $186,031 670 7 3

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4. Federally Registered Mortgage Loan Originators Throughout 2014, the number of Institutions and MLOs in the NMLS Federal Registry changed very little.

Registrant Type

Entities

Annual Growth

10,566

-3%

398,492

-1%

Institutions MLOs

Change in Active MLO Registrations Over the past two years, the number of active registered MLOs has remained fairly static.

2013 2014

Federal Registrations

400,000

300,000

200,000

100,000

0 Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

New MLO Registration Requests The number of MLOs who entered the Federal Registry declined slightly in 2014.

New Registrations

120,000

80,000

40,000

0 2012

2013

2014

14

Federally Registered Mortgage Loan Originators As of December 31, 2014 State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri

Total 6,554 660 10,348 4,018 41,877 8,132 5,808 1,625 1,074 23,807 9,055 113 1,874 2,474 18,304 8,385 5,474 4,433 6,196 6,046 1,753 6,825 9,210 12,498 7,753 3,492 9,447

Annual percentage change 0.9% 8.9% -7.5% 25.2% -3.7% 1.2% 0.7% -9.5% 2.6% -3.4% -1.0% -8.1% -3.3% 4.7% -1.6% 1.8% 0.9% -0.2% -0.5% 2.5% -1.7% -6.7% 4.1% -5.1% -6.6% 2.4% -7.0%

State Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virgin Islands Virginia Washington West Virginia Wisconsin Wyoming

Total 1,456 3,434 2,756 1,603 11,705 1,839 25,605 11,254 1,141 17,279 4,769 6,118 18,503 920 1,681 4,607 1,410 8,010 25,645 4,098 817 110 10,986 9,377 1,792 8,767 983

Annual percentage change -1.6% -0.8% -18.6% 2.0% -1.1% -0.3% 1.7% 1.3% 3.1% -4.5% 9.8% 0.6% 2.0% -2.7% 3.6% -5.5% -1.2% 0.5% -4.1% 1.1% -15.2% 3.8% -0.4% 0.6% 1.0% 3.2% 3.5%

NOTE: The number of MLOs in each state is determined by the work address provided in each MLO's record.

15

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2014 NMLS Mortgage Industry Report

2014 NMLS Mortgage Industry Report Released April 15, 2015 Conference of State Bank Supervisors 1129 20th Street, NW, 9th Floor Washington, D.C. 2003...

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